Tether Invests $200M in Majority Stake of Brain-Computer Interface Company Blackrock Neurotech
Tether's venture capital division, Tether Evo, has invested $200 million to acquire a majority stake in Blackrock Neurotech, a company that develops medical devices powered by brain signals to aid those impacted by paralysis and neurological disorders. The investment will fund the roll-out and commercialization of the devices and research and development purposes. Tether, the issuer of stablecoin USDT, has recently established four divisions to expand beyond stablecoin issuance and believes in nurturing emerging technologies with transformative capabilities. Paolo Ardoino, CEO of Tether, stated that Blackrock Neurotech's brain-computer-interfaces have the potential to open new realms of communication, rehabilitation, and cognitive enhancement.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
普京:俄罗斯正在研究数字货币以进行独立支付
Bitcoin Must Hold Above This Level to Preserve Momentum, Analytics Firm Warns
Bitcoin should be treated as a commodity, like gold: Cantor Fitzgerald CEO
US Charges Russian Nationals in Billion-Dollar Cyber Money Laundering Case